Posts under ‘Greenhouse gas’

Reuters

Climate-focused Dutch funds to take lead on Shell investor engagement

By Shadia Nasralla and Ron Bousso: MAY 19, 2022

LONDON, May 19 (Reuters) – Two climate-focused Dutch pension fund managers have been named to lead climate negotiations with Shell (SHEL.L) on behalf of a major group of investors that helped shape the energy company’s drive to cut greenhouse gas emissions.

MN and PGGM will officially take the role on behalf of the Climate Action 100+ (CA100+) investor group comprising $68 trillion in assets following Shell’s annual general meeting on May 24, MN said on Thursday. read more

Mirror.co.uk

Oil giants’ profits for three months would be enough to give every household £450

Analysis by shadow Climate Change Secretary Ed Miliband shows that Shell and BP made combined profits of £12.37billion in the first quarter of 2022.

By Mikey Smith: Whitehall Correspondent: !4 May 2022

Profits made by oil giants in the first three months of this year were enough to give every household £450 towards soaring energy bills.

Analysis by shadow Climate Change Secretary Ed Miliband shows that Shell and BP made combined profits of £12.37billion in the first quarter of 2022. read more

CITYA.M. 

Activist investor prepares to take on Shell over climate targets

NICHOLAS EARL: THURSDAY 12 MAY 2022

Shell is preparing for a shareholder showdown at its upcoming general meeting later this month, with activist group Follow This pushing the energy giant to commit to more stringent environmental targets.

It has warned shareholders that Shell’s current transition plans are not aligned with the Paris Agreement, and has filed a motion – resolution 21 – calling for the oil and gas major to publish targets that cover short, medium and long term emissions in both its operations and the use of its energy products. read more

The Guardian

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

by Damian Carrington and Matthew Taylor: Wed 11 May 2022

The world’s biggest fossil fuel firms are quietly planning scores of “carbon bomb” oil and gas projects that would drive the climate past internationally agreed temperature limits with catastrophic global impacts, a Guardian investigation shows. read more

Notice of 2022 AGM and Shell’s Energy Transition Progress Report

Shell International B.V.

Wed, April 20, 2022, 9:00 AM·

SHELL PLC

NOTICE OF 2022 ANNUAL GENERAL MEETING AND SHELL’S ENERGY TRANSITION PROGRESS REPORT

• Shell plc’s 2022 Annual General Meeting (“AGM”) scheduled to be a hybrid meeting, facilitating both physical and virtual attendance

• Board requests shareholder support for Company’s annual progress on its energy transition strategy

• Shareholders encouraged to vote in advance of the AGM, but voting enabled during the meeting

Today, Shell plc (“Shell”) posted its Notice of 2022 Annual General Meeting (the “Notice”), which can be viewed and downloaded from www.shell.com/agm. The Notice states that the AGM is scheduled to be held at Central Hall Westminster, Storey’s Gate, Westminster, London, SW1H 9NH, United Kingdom at 10:00 (UK time) on Tuesday May 24, 2022.

Shell’s Board requests support for the Company’s annual progress on its energy transition strategy
Shell’s Energy Transition Progress Report has also been published today. The document is published simultaneously with the Notice and shall be deemed to be incorporated in, and form part of, the Notice. read more

Shell reports drop in emissions, urges vote against ‘unrealistic’ targets

Overall emissions fell from over 1.6 billion tonnes of carbon dioxide equivalent in 2016 to less than 1.4 billion tonnes last year, Shell said.

By August Graham, PA City Reporter

April 20 2022 12:06 PM

Shell said it has reduced its greenhouse gas emissions by 16% over the last five years and promised to lead society in its decarbonisation efforts.

The business also urged shareholders to vote against more ambitious climate proposals which it says set “unrealistic” targets. read more

sky news

Extinction Rebellion: Six people arrested as activists climb on top of Shell oil tanker in central London

Saturday 16 April 2022 16:05, UK

Six people have been arrested after Extinction Rebellion activists climbed on top of an oil tanker in central London.

The climate group said three people climbed on top of the Shell tanker, holding a banner which said “end fossil filth” in Bayswater Road on Saturday morning.

Extinction Rebellion said Olympic gold medal-winning canoeist Etienne Stott and fellow British Olympian Laura Baldwin were among those demonstrating. read more

Independent

Extinction Rebellion protest: Activists enter Shell HQ and glue themselves to government buildings

Zoe Tidman: 13 April 2022

Activists have glued themselves to Shell HQ and a UK government building in protests to demand action on the climate crisis as Extinction Rebellion continued its week of protests in London.

Demonstrators entered the oil and gas company offices on Wednesday afternoon, with some using glue to stick themselves to the reception desk and the ground outside. read more

Extinction Rebellion activists have glued themselves to the reception desk of Shell’s London HQ.

Members of the group gained access to the building, on London’s Southbank, this afternoon and are occupying it and telling passing workers to change careers.

The protest is part of Extinction Rebellion’s “April rebellion”, which began on Saturday and has included mass roadblocks in the capital.

Speaking on a livestream from inside the building, one activist said: “We’re here to ask you to really think about what you’re doing. Do you really want to be part of this planetary destruction?” read more

Harrison Jones for metro.co.uk: Wednesday 6 Apr 2022 5:41 pm

…hundreds of experts from around the world are engaged in a ‘scientist rebellion’, which saw oil chucked over Shell’s headquarters in London.

…experts from around the globe have been taking part in what they called the ‘world’s largest ever scientist-led civil disobedience campaign’.

A number of them in the UK used modified fire extinguishers to spray biodegradable fake oil on a Shell building, where they also plastered scientific papers on the walls.

The scientists are calling for a ‘climate revolution now’ and say ‘1.5°C is dead’, in reference to the target for global warming, which the IPCC warned is almost out of reach.

One of those taking part, Cat Acheson, a social scientist and PhD researcher, said: ‘I’m here today taking non-violent direct action against Shell, because the continued use and expansion of fossil fuels is endangering all life on our planet. read more

Reuters

Shell filed appeal against landmark Dutch climate ruling

March 29, 20225:28 PM GMT+1 Last Updated a day ago

LONDON, March 29 (Reuters) – Energy major Shell (SHEL.L) has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts to force climate action.

While Shell had set itself a target to reach net zero carbon neutrality by 2050, its intermediate targets were based on emissions intensity, which could in theory allow the group to increase fossil fuel output. read more read more

REUTERS

Shell directors may face lawsuit over climate transition plans

Simon Jessop and Kirstin Ridley and Shadia Nasralla: March 14, 2022

LONDON — Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company’s climate transition plan, in what they said would be the first such case of its kind.

The ClientEarth lawyers said they are seeking to hold the directors personally liable for what they consider to be a failure to adequately prepare for the global shift to a low-carbon economy, claiming an alleged breach of the directors’ duties under the UK Companies Act.

ClientEarth said it had written to Shell notifying it of its claim and was waiting for it to respond before filing papers at the High Court of England and Wales. For the case to proceed, ClientEarth would then need permission from the court to do so. read more

The Guardian

Shell directors sued for ‘failing to prepare company for net zero’

Environmental law organisation ClientEarth brings action and urges other shareholders to join

The directors of Shell are being sued for failing to properly prepare the multinational oil and gas company for net zero.

In what is thought to be a first-of-its-kind action, the lawsuit brought by activist shareholders claims that Shell’s 13 directors are personally liable for failing to devise a strategy in line with the Paris agreement, which aims to limit global heating to below 2C by slashing fossil fuel emissions. read more

English translation of extracts from a Forbes article published in German on 1st March 2022. 

FORBES

CAN SHELL GREEN?

In the public perception, Shell is an industrial giant – now Fabian Ziegler, Chairman of the Management Board of Deutsche Shell Holding GmbH since spring 2020, wants to make the company greener.

Will the Swiss succeed in pulling off the coup so vital to the group’s survival?

Text: Matthias Lauerer
Photo: Deutsche Shell Holding GmbH

1st March 2022

Is Shell on its way to a carbon-neutral future? Will this be a reimagined world, where green hydrogen, e-mobility and decarbonization have become a reality? Or do they prefer to greenwash to perpetuate the dirty old business model on which the global economy hangs? read more

The Guardian

The great greenwashing scam: PR firms face reckoning after spinning for big oil

A comprehensive study confirms that oil companies are largely all talk and no action when it comes to clean energy initiatives

Amy Westervelt: @amywestervelt: Fri 18 Feb 2022 11.00 GMT

This week a peer-reviewed study confirmed what many have suspected for years: major oil companies are not fully backing up their clean energy talk with action. Now the PR and advertising firms that have been creating the industry’s greenwashing strategies for decades face a reckoning over whether they will continue serving big oil. The study compared the rhetoric and actions on climate and clean energy from 2009 to 2020 from the world’s four largest oil companies – ExxonMobil, Chevron, Shell and BP. read more

By John Donovan

Following the airing of a Channel 4 TV documentary Joe Lycett vs the Oil Giant on 24th October 2021, seismic changes have taken place at Royal Dutch Shell. 

Based on the timing of the chain of events, it appears that the documentary may have contributed to the decision to bring a sudden end to the oil giant in its Anglo-Dutch form, under which it operated for over a hundred years. 

Joe’s controversial impersonation of Royal Dutch Shell CEO Ben van Beurden including Ben shown literally talking shit about the green energy transition was cringe-making but made an impact. read more